Quantitative Workday stock forecast signals slight volatility uptick but within historical norms. Beta remains around 1.3, suggesting above-market sensitivity yet manageable with hedging strategies. Here’s what ClearBridge Investments said about Workday, Inc. (NASDAQ:WDAY) in its Q1 2024 investor letter : In this scenario, the stock price could begin rebounding immediately and advance to the $260 level quickly. The critical support target is near $210, and the resistance target is near the cluster of moving averages at $235. The Workday stock forecast from equity research desks points to sustained ARR growth above $6B, reflecting strong cross-selling into finance functions. Margins are expected to improve as R&D intensity scales efficiently.
